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Friday, January 30, 2015

Pat Buchanan: Derail Fast Track!

By Patrick J. Buchanan

Last November, Republicans grew their strength in Congress to levels
unseen since 1946. What united the party and rallied the nation was the
GOP’s declared resolve to stand up to an imperious president.

Give us powerful new majorities, said John Boehner and Mitch
McConnell, and we shall halt these usurpations of Congressional power.

And, so, what is the first order of business now in the Ways and
Means Committee of Paul Ryan and Senate Finance Committee of Orrin
Hatch?

“The first thing we ought to do,” says Ryan, “is pass trade promotion
authority.” Trade promotion authority, or “fast track,” is a synonym
for Congress’s surrender of all rights to amend trade treaties, and a
commitment to confine itself to a yes or no vote on whatever deal Obama
brings home.

Watching the GOP’s reversion to form calls to mind the term the
neocons gave the French for refusing to join Bush II’s big march to
Baghdad: “cheese-eating surrender monkeys.”

With the huge Trans-Pacific Partnership in negotiations, Obama wants
Boehner and McConnell to agree in advance not to tamper with it. “Hands
off!” he demands. If this GOP agrees to this, it will, in its first
great decision, be engaging in an act of self-castration.

Why would they do this?

Has Obama’s record been so impressive the GOP should give up its
constitutional power to amend trade treaties? As the liberal group
Public Citizen notes, the biggest trade deal of Barack’s term, the
U.S.-Korea trade pact modeled on NAFTA, has been another job-killer for
American workers:

“Since the Obama administration used Fast Track to push a trade
agreement with Korea, the U.S. trade deficit with Korea has grown 50
percent — which equates to 50,000 more American jobs lost. The U.S. had a
$3 billion monthly trade deficit with Korea in October 2014 — the
highest monthly U.S. goods trade deficit with the country on record.”

Everywhere we hear that the issue of our time is the wage stagnation of the middle class.

But what has caused U.S. wages to stop rising for longer than any
period in our history? What caused the inexorable growth of U.S. wages,
from the Revolution to Reagan, to stop dead?

Like Poe’s “Purloined Letter,” the answer is right in front of us.

Wages are the price of labor, and price is determined by supply and
demand. Wages have fallen because the supply of labor has exploded.

Following the Immigration and Nationality Act of 1965, we threw open
America’s doors to a flood of immigrants, legal and illegal.

Some 40-50 million have poured in, an unprecedented expansion of the labor force.

As these immigrants — many uneducated, unskilled, unable to speak
English well — entered the labor pool, they were willing to work for
less than native-born Americans who needed higher wages to sustain their
standard of living. In the service industries, manufacturing,
construction, U.S. employers found themselves in a buyers’ market for
workers right here in the USA.

Yet, over a million new low-wage workers pouring into the USA every year was not enough for our banksters and corporatists.

Thus, “free-trade” Republicans and their collaborators in the
Business Roundtable and U.S. Chamber of Commerce decided to drop the
U.S. labor force into a worldwide labor pool where the average wage was
but a tiny fraction of an American living wage.

Like Dr. King, our transnational corporations had a dream — a dream
of bypassing all U.S. regulations on wages and hours, health and safety,
and the environment — a dream of getting rid of all those high-wage
U.S. workers and their unions.

How to realize this dream?

Move production out of the United States, out from under the
jurisdiction of U.S. law, into the Third World, and then bring your
products back free of charge. To these folks, America is the best market
to sell into, but, as a place to produce, give us China!

Mexicans, Latin Americans, East and South Asians, Chinese would all
work for less than Americans, thus enabling corporate executives to take
home fatter shares of far larger profits, in salaries, bonuses,
benefits, stock options and soaring equity prices.

Like NAFTA and GATT, the Trans-Pacific Partnership is an enabling act
for multinationals to move freely to where it is cheapest to produce
while securing access to where it is most profitable to sell.

A new Magna Carta — for the billionaires’ boys club.

For 40 years, U.S. workers have seen factories close, jobs disappear
and company towns become ghost towns, the “creative destruction” of Joe
Schumpeter’s felicitous phrase.

Only the wholesale destruction was no accident, it was planned.

For scores of millions, the American dream is gone, sacrificed to the
gods of the global economy — a new world economic order created by and
for an elite whose 1,700 corporate jets were parked wingtip-to-wingtip
last week while they partied in Davos.

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